MIRA INFORM REPORT
|
Report Date : |
19.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
DONAL MC MONAGAIL AGUS A MHIC TEORANTA |
|
|
|
|
Registered Office : |
Turrishillmountcharlesco Donegalco. Donegal., Post Code 209619 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
08.02.1988 |
|
|
|
|
Com. Reg. No.: |
IE128807 |
|
|
|
|
Legal Form : |
Private Limited By Shares |
|
|
|
|
Line of Business : |
The quarrying, manufacture and merchandising of stone |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
(€) 25,000 |
|
Status : |
Moderate |
|
Payment
Behaviour : |
Unknown |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
Ireland |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Summary
|
Company Summary |
|
|
Company Name |
DONAL MC MONAGAIL AGUS A MHIC TEORANTA |
|
Company Number |
IE128807 |
|
Telephone Number |
0749739072/9 |
|
Address |
TURRISHILL, MOUNTCHARLES, CO DONEGAL, CO. DONEGAL. |
|
Town Code |
209619 |
|
Company Type |
PRIVATE LIMITED BY SHARES |
|
Incorporation Date |
08/02/1988 |
|
Company Status Summary |
|
|
Company Status |
Active - Accounts Filed |
|
Limit (€) |
25,000 |
|
Active CCJ's |
0 |
|
Value of CCJ's (€) |
0 |
|
Writs |
0 |
|
Director Summary |
|
|
Directorships |
3 |
|
Total Directorships |
9 |
|
Financial Information |
|||||
|
Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Currency |
NaN |
NaN |
NaN |
||
|
Turnover |
0 |
- |
0 |
- |
0 |
|
Shareholder Equity |
3,272,185 |
4.3% |
3,138,296 |
-19.2% |
3,881,759 |
|
Number of employees |
101 |
- |
160 |
- |
187 |
Company Information
|
Address Information |
|
|
Company Name |
DONAL MC MONAGAIL AGUS A MHIC TEORANTA |
|
Company Number |
IE128807 |
|
Registered Office Address |
TURRISHILLMOUNTCHARLESCO DONEGALCO. DONEGAL. |
|
Registered Office Post Code |
209619 |
|
Registered Telephone No. |
0749739072/9 |
|
TPS Registered |
N |
|
Trading Address |
|
|
Trading Postal Code |
|
|
Trading Telephone Number |
|
|
TPS Registered |
|
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Auditor/Banker's Information |
|
|
Auditor Name |
MCDEVITT & MCGLYNN |
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Auditor Qualification |
No Adverse Comments |
|
Banker Name |
ULSTER BANK LTD |
|
Banker Sort Code |
|
|
Other Information |
|
|
Website Address |
|
|
Incorporation Date |
08/02/1988 |
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Company Type |
PRIVATE LIMITED BY SHARES |
|
Type of Accounts |
Medium Company |
|
Date of Latest Accounts |
31/12/2009 |
|
Filing Date of Accounts |
|
|
Annual Return Date |
21/09/2010 |
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Industry Information |
|
|
Industry Description |
The quarrying, manufacture and merchandising of stone. |
|
Mortgage Information |
|
|
Mortgages(s) Outstanding |
0 |
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Mortgages(s) Satisfied |
0 |
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|
|
|
Mortgage Type |
|
|
Date Charge Created |
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|
Date Charge Registered |
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|
Date Charge Satisfied |
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Status |
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Person(s) Entitled |
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Amount Secured |
|
|
Details |
|
|
Shareholders information |
|
|
Shares Held |
491,769 |
|
Currency of Share |
EUR |
|
|
|
|
Name of Shareholder |
ANNA MCMONAGLE |
|
Nominal Value of each Share |
|
|
Currency of Share |
EUR |
Accounts & Ratios
|
Period |
|||||
|
Date From |
01/01/2009 |
% |
02/01/2008 |
% |
01/01/2007 |
|
Date To |
31/12/2009 |
- |
31/12/2008 |
- |
31/12/2007 |
|
Period of Month |
12 |
- |
12 |
- |
12 |
|
Currency |
EUR |
- |
EUR |
- |
EUR |
|
Profit & Loss |
|||||
|
Consolidated Accounts |
N |
- |
N |
- |
N |
|
Turnover |
0 |
- |
0 |
- |
0 |
|
Export |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
- |
|
Gross Profit |
1,162,662 |
-18.9% |
1,434,489 |
-47.2% |
2,715,128 |
|
Operating Profit |
114,537 |
117.7% |
-646,747 |
-166.6% |
970,512 |
|
Pre-Tax Profit |
45,158 |
105.8% |
-775,435 |
-184.7% |
915,876 |
|
Tax |
88,731 |
177.5% |
31,971 |
120.8% |
-153,576 |
|
Post-Tax Profit |
133,889 |
118.0% |
-743,464 |
-197.5% |
762,300 |
|
Dividends |
0 |
- |
0 |
- |
0 |
|
Retained Profit |
133,889 |
118.0% |
-743,464 |
-197.5% |
762,300 |
|
Interest Payable |
69,417 |
-49.9% |
138,582 |
106.9% |
66,989 |
|
Directors Remuneration |
79,917 |
-60.8% |
204,000 |
10.3% |
184,983 |
|
Wages & Salaries |
2,432,321 |
-36.2% |
3,815,301 |
-12.8% |
4,373,373 |
|
Depreciation of Tangibles |
471,584 |
13.8% |
414,219 |
-15.0% |
487,174 |
|
Auditor Fees |
15,475 |
-1.8% |
15,760 |
17.2% |
13,450 |
|
Capitals & Reserves |
|||||
|
Called up Share Capital |
491,769 |
0.0% |
491,769 |
0.0% |
491,769 |
|
P&L Account Reserve |
2,780,416 |
5.1% |
2,646,527 |
-21.9% |
3,389,990 |
|
Sundry Reserves |
0 |
- |
0 |
- |
0 |
|
Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Shareholder Funds |
3,272,185 |
4.3% |
3,138,296 |
-19.2% |
3,881,759 |
|
Net Worth |
3,272,185 |
4.3% |
3,138,296 |
-19.2% |
3,881,759 |
|
Miscellaneous |
|||||
|
Net Cashflow from Operations |
1,759,181 |
513.6% |
286,676 |
201.7% |
95,024 |
|
Net Cashflow before Financing |
-1,221,492 |
-266.2% |
734,779 |
61.9% |
453,778 |
|
Net Cashflow from Financing |
-1,221,492 |
-266.2% |
734,779 |
61.9% |
453,778 |
|
Capital Employed |
3,402,428 |
1.4% |
3,356,561 |
-20.4% |
4,219,191 |
|
No of Employees |
101 |
-36.9% |
160 |
-14.4% |
187 |
|
Balance Sheet |
|||||
|
Tangible Assets |
2,008,418 |
-10.3% |
2,239,670 |
18.1% |
1,896,762 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
2,008,418 |
-10.3% |
2,239,670 |
18.1% |
1,896,762 |
|
Stocks & Work-in-Progress |
1,085,036 |
-37.6% |
1,739,872 |
7.2% |
1,622,705 |
|
Debtors |
|||||
|
- Trade Debtors |
1,235,978 |
-43.2% |
2,177,529 |
-47.0% |
4,108,586 |
|
Cash |
317,411 |
81.2% |
175,168 |
-51.6% |
362,009 |
|
Misc. Current Assets |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
|||||
|
Creditors |
|||||
|
- Trade Creditors |
621,558 |
-55.9% |
1,408,170 |
-7.7% |
1,526,222 |
|
- Bank Overdraft |
198,731 |
-85.6% |
1,375,833 |
26.4% |
1,088,439 |
|
Increase in Cash |
142,243 |
176.1% |
-186,841 |
- |
0 |
|
Total Current Liabilities |
1,362,062 |
-61.3% |
3,522,043 |
-8.6% |
3,853,549 |
|
Other Short Term Loans |
340,268 |
-42.1% |
587,490 |
129.1% |
256,407 |
|
Miscellaneous Current Liabilities |
201,505 |
33.8% |
150,550 |
-84.7% |
982,481 |
|
Other Long Term Finance |
130,243 |
-40.3% |
218,265 |
-35.3% |
337,432 |
|
Total Long Term Liabilities |
130,243 |
-40.3% |
218,265 |
-35.3% |
337,432 |
|
Overdraft Long Term Liabilities |
328,974 |
-79.4% |
1,594,098 |
11.8% |
1,425,871 |
|
Liabilities |
1,492,305 |
-60.1% |
3,740,308 |
-10.8% |
4,190,981 |
|
Net Assets |
3,272,185 |
4.3% |
3,138,296 |
-19.2% |
3,881,759 |
|
Working Capital |
1,394,010 |
24.8% |
1,116,891 |
-51.9% |
2,322,429 |
|
Current Assets |
2,756,072 |
-40.6% |
4,638,934 |
-24.9% |
6,175,978 |
|
Other Current Assets |
117,647 |
-78.5% |
546,365 |
560.8% |
82,678 |
|
Ratios |
|||||
|
Date To |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Trading Performance |
|||||
|
Pre-Tax Profit Margin |
0.0% |
- |
0.0% |
- |
0.0% |
|
Return on Capital Employed |
1.3 % |
- |
-23.1 % |
- |
21.7 % |
|
Return on Total Assets Employed |
0.9 % |
- |
-11.3 % |
- |
11.3 % |
|
Return on Net Assets Employed |
1.4 % |
- |
-24.7 % |
- |
23.6 % |
|
Sales/Net Working Capital |
0.00 |
- |
0.00 |
- |
0.00 |
|
Operating Efficiency |
|||||
|
Stock Turnover Ratio |
0.0% |
- |
0.0% |
- |
0.0% |
|
Debtor Days |
0.00 |
- |
0.00 |
- |
0.00 |
|
Creditor Days |
0.00 |
- |
0.00 |
- |
0.00 |
|
Short Term Stability |
|||||
|
Current Ratio |
2.02 |
- |
1.32 |
- |
1.60 |
|
Liquidity Ratio/Acid Ratio |
1.22 |
- |
0.82 |
- |
1.18 |
|
Current Debt Ratio |
0.4 % |
- |
1.1 % |
- |
1.0 % |
|
Long Term Stability |
|||||
|
Gearing |
10.1 % |
- |
50.8 % |
- |
36.7 % |
|
Equity in Percentage |
68.7 % |
- |
45.6 % |
- |
48.1 % |
|
Total Debt Ratio |
0.5 % |
- |
1.2 % |
- |
1.1 % |
CCJ Summary
|
CCJ Summary |
|
|
CCJ's Amount |
0 |
|
CCJ's Value (€) |
0 |
|
Writs |
0 |
Record of Payments
|
No record of payments for company. |
Group Structure
|
No Group Structure for this company. |
Company History
|
Event History |
|
|
Date |
Description |
|
16/10/2010 |
New Accounts Filed |
|
16/10/2010 |
New Accounts Filed |
|
15/10/2010 |
Annual Returns |
|
17/11/2009 |
New Accounts Filed |
|
17/11/2009 |
New Accounts Filed |
|
16/11/2009 |
Annual Returns |
|
16/11/2008 |
New Accounts Filed |
|
14/11/2008 |
Annual Returns |
|
Status History |
|
|
No status history for this company. |
|
Directors
|
Director |
|
|
Directors Title |
|
|
Name of Director |
DAN MCMONAGLE |
|
Address of Director |
TURRISHILL, MOUNTCHARLES, CO DONEGAL |
|
Postcode of Director |
|
|
Date of Birth |
08/09/1943 |
|
Nationality of Director |
|
|
Director Honours |
|
|
Present Appointments |
4 |
|
Function |
Company Secretary |
|
Appointment Date |
08/02/1988 |
|
Director |
|
|
Directors Title |
|
|
Name of Director |
DAN MCMONAGLE |
|
Address of Director |
TURRISHILL, MOUNTCHARLES, CO DONEGAL |
|
Postcode of Director |
|
|
Date of Birth |
08/09/1943 |
|
Nationality of Director |
|
|
Director Honours |
|
|
Present Appointments |
4 |
|
Function |
Director |
|
Appointment Date |
08/02/1988 |
|
Director |
|
|
Directors Title |
|
|
Name of Director |
ANNA MCMONAGLE |
|
Address of Director |
TURRISHILL, MOUNTCHARLES,, COUNTY DONEGAL. |
|
Postcode of Director |
|
|
Date of Birth |
04/08/1944 |
|
Nationality of Director |
|
|
Director Honours |
|
|
Present Appointments |
1 |
|
Function |
Director |
|
Appointment Date |
08/02/1988 |
Image Accounts
|
Accounts Images |
|
|
31-12-2009 |
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|
31-12-2008 |
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31-12-2007 |
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31-12-2006 |
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Returns Images |
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|
31-12-2009 |
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31-12-2008 |
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31-12-2007 |
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31-12-2006 |
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Other Images |
||
|
18-10-2010 |
B5 RETURN OF ALLOTMENTS. |
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|
18-10-2010 |
G2E-ORDINARY RESOLUTION |
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|
31-10-2008 |
AMENDED MEMORANDUM AND ARTICLES. |
|
|
13-06-2008 |
C1 MORT/ CHARGE CREATED BY IRISH COMPANY |
|
|
13-06-2008 |
CERTIFICATE |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.27 |
|
UK Pound |
1 |
Rs.7208 |
|
Euro |
1 |
Rs.63.66 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.